Bank of America: Agent CPU Standards Battle, NVIDIA "Faster" vs AMD "More"
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Bank of America: Agent CPU Standards Battle, NVIDIA "Faster" vs AMD "More"
According to TechFlow Research, Bank of America's July 22 report pointed out that NVIDIA and AMD are engaged in a battle for definition in the Agent CPU field. NVIDIA unveiled the Vera CPU architecture last week, featuring 88 custom ARM cores and 1.2TB/s memory bandwidth, arguing that single-core performance determines agent response speed, emphasizing "faster". AMD responded at Thursday's AI Day, stating that its EPYC 9965 rack-level throughput in a 100kW deployment is already 2.4 times that of Vera, arguing that concurrent throughput determines production-grade AI efficiency, emphasizing "more". BofA believes the underlying thread of the x86 vs ARM battle is equally critical; the decades of optimization barriers of x86 in the enterprise software stack cannot be replaced overnight. BofA expects AMD will redefine metrics rather than compete on benchmarks; the real winner is the one that can get the industry to accept its framework. BofA maintains Buy ratings for NVIDIA and AMD, with price targets of $350 and $620 respectively, believing this is not a zero-sum game, both can win, just via different paths.
Navigating Web3 tides with focused insightsTechFlow news, According to TechFlow Research, Bank of America's July 22 report pointed out that NVIDIA and AMD are engaging in a battle for definition in the Agent CPU field. NVIDIA released the Vera CPU architecture last week, featuring 88 custom ARM cores and 1.2TB/s memory bandwidth, arguing that single-core performance determines Agent response speed, emphasizing "faster". AMD responded at Thursday's AI Day, stating that its EPYC 9965 rack-level throughput in a 100kW deployment is already 2.4 times that of Vera, contending that concurrent throughput determines production-grade AI efficiency, emphasizing "more". Bank of America believes that the underlying thread of the x86 vs ARM contest is equally critical, as the optimization barriers of x86 in the enterprise software stack over decades cannot be replaced overnight.
Bank of America expects AMD to redefine metrics rather than competing on benchmarks, the real winner is the one that can get the industry to accept its framework. Bank of America maintains Buy ratings for NVIDIA and AMD, with price targets of $350 and $620 respectively, believing this is not a zero-sum game, both can win, just via different paths.
